Master's thesis focuses on the British economy in the first half of the 20th century and examines the most important components of the economic and regional policy in this period. The aim of the work is to discover the main impact of the first and second world war on the economy of Great Britain while emphasizing the role of the arising regional policy in this period. An evaluation of the most important macroeconomical indicators is performed to fulfil the aim of the work. Results of this paper show that the First World War led to the decline of traditional industries. This was supported in the inter-war years by the decrease of demand, high real wages and overvaluation of the pound while returning to the gold standard. Because the employment was mainly concentrated in the declining industries, which were regionally located, regional disparities in the country increased. The high unemployment in these regions led to the beginnings of state controlled regional policy. However significant decrease of the unemployment was only achieved with the mobilisation of the economy during the Second World War and the impact of new growing industries in the fifties.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:193130 |
| Date | January 2015 |
| Creators | Smetana, Martin |
| Contributors | Toth, Petr, Kouřilová, Jana |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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